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Manama – Bahrain’s nationwide origin exports elevated by 83 per cent throughout first quarter 2022 amounting to BD1.255 million, in contrast with BD684m for a similar quarter of the earlier yr, reveals the most recent report from the Info and eGovernment Authority (iGA).
The highest 10 buying and selling companions accounted for 74pc of the worth of nationwide origin exports within the quarter with the remaining 26pc claimed by different international locations, says the report which additionally contains information on steadiness of commerce, imports and re-exports.
Saudi Arabia ranked first amongst international locations receiving Bahraini exports of nationwide origin, importing BD217m value of products from the dominion. The US was second with BD207m and Italy third with BD92m.
Unwrought aluminium alloys emerged as the highest product exported throughout the quarter accounting for a worth of BD496m. Agglomerated iron ores and concentrates had been second with a worth of BD168m and aluminium wires (not alloyed) was third at BD64m.
The report discovered that the worth of re-exports decreased by 14pc to BD159m throughout the quarter compared with BD185m for a similar quarter final yr, with the highest 10 buying and selling companions accounting for 87pc of the re-exported worth, whereas the remaining international locations accounted for 13pc.
Saudi Arabia was the main marketplace for re-exports from Bahrain accounting for a worth of BD45m, adopted by the UAE at BD33m and Singapore coming third at BD26m.
Turbo-jets of a thrust emerged as the highest product re-exported from Bahrain with a worth of BD13m, adopted by elements for plane engines amounting to BD10m and equipment for wrist watches management in third place with BD8m in worth.
The report mentioned the worth of imports elevated by 4pc to BD1.363bn throughout the first quarter this yr in contrast with BD1.3m in the identical quarter final yr with the highest 10 buying and selling companions accounting for 69pc of the overall worth.
In keeping with the report, China was the highest exporter to Bahrain notching up a worth of BD214m, adopted by Brazil at BD130m and Australia in third place with BD118m.
Non-agglomerated iron ores and concentrates emerged as the highest product imported into Bahrain with a worth of BD135m whereas aluminium oxide was second at BD111m and 4 wheel drive automobiles in third place at BD32m.
The commerce steadiness, or the distinction between exports and imports, amounted to a deficit of BD51m throughout the quarter, a pointy enchancment compared with deficit of BD442m for a similar quarter final yr.
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